Bitcoin Price Analysis: A Calm Before the Storm?
Bitcoin (BTC) is trading at $105,535, clinging to critical support levels while the broader macro environment grows increasingly unstable. The daily chart shows a well-defined range between $100K and $109K, with bulls still defending key zones—but momentum is clearly stalling.
BTC/USD 1-day chart – TradingView
Bitcoin Price Prediction: Technical Breakdown of BTC USD Price
Looking at the chart:
- Resistance: The upper orange band at $109,000 has rejected multiple breakout attempts since late May.
- Support: BTC is holding above the psychological $100,000 level, with the 200-day EMA at $92,819 providing longer-term support.
- Key Zones: Intermediate support lies at $103,343—currently acting as the near-term floor.
- RSI (14): Hovering near neutral at 50.07, suggesting indecision and a lack of trend momentum.
Unless BTC breaks above $109K or falls below $100K, we are likely to remain range-bound. But this calm may not last long.
Geopolitical Tensions: Iran & Crypto Sanctions
One of the biggest wildcards in the crypto market right now is rising geopolitical instability, especially the renewed tension between Iran and Israel.
Why does it matter for crypto?
- Iran has a history of using crypto to bypass international payment sanctions, especially with Bitcoin and stablecoins.
- Any escalation could push Iran—and potentially other sanctioned states—toward larger crypto transactions, influencing BTC demand and global flows.
- At the same time, risk sentiment in global markets could shift rapidly based on war-related headlines, and crypto is no exception.
- Increased pressure in the Middle East often leads to higher volatility across risk assets, including crypto.
Bitcoin Price USD: What to Watch Next
- A break above $109K could signal the start of a new leg up—targeting previous highs.
- A drop below $100K may trigger a deeper retracement toward the $92K and $86K support zones.
- Watch RSI and volume for clues about the next breakout attempt.
With geopolitical shocks and macro headwinds converging, the next BTC move will likely be sharp—either as a breakout or a flush.
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